As someone who spent too much time reading these guidelines in various drafts - both seem sensible.
BiziBB - you'll find the info on the duties of President and VP set out in the existing guidelines:
http://www.flyertalk.com/forum/10628536-post1.html
(If this amendment passes, can I suggest you update that post to include the amendments, as I think it's the only public, 'official' set of guidelines we have and as such its a useful resource).